Rotork (LON:ROR) Stock Rating Lowered by Royal Bank Of Canada

Rotork (LON:ROR) was downgraded by Royal Bank Of Canada to a “sector perform” rating in a report released on Wednesday,Digital Look reports. They presently have a GBX 503 target price on the stock, up from their previous target price of GBX 400. Royal Bank Of Canada’s price target indicates a potential upside of 3.33% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 400 price target on shares of Rotork in a research note on Tuesday, May 5th. Shore Capital Group raised shares of Rotork to a “hold” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of Rotork from GBX 390 to GBX 405 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 503 target price on shares of Rotork in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Rotork currently has a consensus rating of “Moderate Buy” and an average price target of GBX 433.50.

Rotork Stock Up 0.1%

Shares of ROR opened at GBX 486.80 on Wednesday. The company’s 50-day moving average price is GBX 354.28 and its 200 day moving average price is GBX 343.31. Rotork has a 12-month low of GBX 286.40 and a 12-month high of GBX 489.20. The company has a current ratio of 2.50, a quick ratio of 2.16 and a debt-to-equity ratio of 7.69. The firm has a market cap of £3.96 billion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

Rotork (LON:ROR) last announced its earnings results on Tuesday, August 4th. The company reported GBX 7.40 earnings per share for the quarter. Rotork had a net margin of 14.85% and a return on equity of 20.10%. On average, sell-side analysts forecast that Rotork will post 16.4574899 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Kiet Huynh bought 49 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of £150.05 per share, for a total transaction of £7,352.45. In the last three months, insiders bought 149 shares of company stock worth $765,137. Company insiders own 0.35% of the company’s stock.

Rotork Company Profile

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.